Search Results
Energy Publishing Release : New Coking Coal Index Responds To Changing Coal Market
The risk of volatility as global steel-making coal markets strengthen led to creation of a new index to facilitate more flexible pricing, developers said Wednesday.
A set of three indices created by Tennessee-based Energy Publishing Co is intended to enable the industry to move away from annual contracts for the coal, also called coking coal, editor [...]
Coal Production Into Force Majeure at Queensland Coal Mine, Australia
Xstrata Plc’s coal unit has declared force majeure on one shipment from its Australia Rollestone mine due to a rail line closure because of a derailment, the company said on Monday.
A Xstrata spokesman said the force majeure — a legal clause which can be used if a company is unable to meet contractual deliveries due [...]
Operational Unit Cost Increase, Xstrata Coal Forced To Cut Purchase Coal Price From Coal Suppliers
Xstrata Coal Queensland complained that the unit operating costs increased from year to year, thus affecting the company’s earnings to continue the purchase of coal from several coal suppliers. To overcome the problems faced by Xstrata Coal Queensland sent a letter to suppliers of coal, Xstrata Coal Queensland that will cut the purchase price of [...]
Coal Exporter Macarthur Coal To Purchase Offer Gloucester Coal
Largest coal exporter in the world, Macarthur Coal Ltd. plans to buy a coal mining company to expand the exploration of coal mining operations in Australia. Mining companies to be bought by Macarthur Coal is the Gloucester Coal.
Macarthur Coal expects the purchase of Gloucester will provide the production control of coal mines for power generation [...]
Solomon Gold to Acquire Two Australian Mining Exploration Companies
Aim-listed Solomon Gold would acquire two Queensland exploration companies for 86,8-million shares, and A$1-million in cash, as well as A$1-million in convertible notes, the company announced on Wednesday.
Solomon Gold said in a statement that the acquisition of Acapulco Mining and Central Minerals would complement its existing exploration projects with gold major Newmont Mining on the [...]
Australian Government Agreed To Fast Track Development Projects On Coal Transport By Waratah Coal Ltd
Waratah Coal will build a fast track to transport coal mines in Queensland state region. Fast-track project coal mines worth A $ 7.5 billion. Fast track the development of coal transport will be developed in stages and the project supervision will be local mining companies Clive Palmer. Fast-track development of this coal is expected to [...]
British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
Anglo Coal Will Close Queensland Coal Mining Exploration Project Early
Coal mining company Anglo Coal will close the coal mines located in Queensland, if the Federal Government issued a climate change policies that affect air pollution levels. Due to the closure of coal mining exploration project, as many as 2000 jobs associated with mining exploration activities will be lost. Anglo Coal hopes the Federal Government [...]
Tata Steel Plans Cooperation With Mining Companies In Vietnam And South Africa
Tata Steel is one of the largest steel manufacturer in the world. Tata Steel plans cooperation with mining companies in Vietnam and South Africa to develop iron ore mining exploration and coal. Cooperation aims to obtain supplies of iron ore and coal mines as a source of raw material that supports the production of steel [...]
